Business News Colombia

  • CARACAS, Feb 13- Venezuela's opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nation's oil revenue from increasingly isolated President Nicolas Maduro. President Donald Trump, which backs Guaido, imposed sanctions on Venezuela's oil sector on Jan. 28, aimed at curbing...

  • CARACAS, Feb 13- Venezuela's opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nation's oil revenue from President Nicolas Maduro. President Donald Trump, which backs Guaido, imposed sanctions on Venezuela's oil sector on Jan. 28, aimed at curbing exports to the United...

  • CARACAS, Feb 12- Venezuela's opposition supporters returned to the streets nationwide on Tuesday to keep the heat on embattled President Nicolas Maduro and demand he allow humanitarian aid into the country where food and medicine shortages are rife. Most Western counties including the United States have recognized Guaido as Venezuela's president, but...

  • MEXICO CITY, Feb 8- Starbucks Corp is unlikely to cede its leading position in China, the company's fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday. "Just this last quarter we entered 10 new cities in China," he said, adding that each of those cites is larger than Los Angeles, the sprawling...

  • MEXICO CITY, Feb 8- Starbucks Corp is unlikely to cede its leading position in China, the company's fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday. "Just this last quarter we entered 10 new cities in China," he said, adding that each of those cites is larger than Los Angeles, the sprawling...

  • *Aid reaches Colombia border town, not entering Venezuela yet. CUCUTA, Colombia/ TIENDITAS, Venezuela, Feb 7- T rucks carrying humanitarian aid for crisis-stricken Venezuela arrived in the Colombian border city of Cucuta on Thursday as diplomatically-isolated President Nicolas Maduro appeared set to block its entry amid an escalating political crisis.

  • HAVANA, Feb 7- Some foreign businesses in Cuba are scrambling to defend their interests while others are rethinking the risk as the Trump administration bears down on Venezuela and Cuba, according to a dozen experts, diplomats and businessmen. To make matters worse, the fall of Cuban ally President Nicolas Maduro's socialist government in Venezuela would be a...

  • *U.S. questions Maduro support in Venezuela military ranks. MONTEVIDEO, Feb 7- European and Latin American leaders called for dialog and elections to solve a deepening crisis in Venezuela on Thursday, warning against rash intervention in the country even as trucks bringing humanitarian aid lined up near the border. The group, in a communiqué after the meeting,...

  • Qatar's players celebrate with the trophy after winning the 2019 AFC Asian Cup final match against Japan.

    The news bodes well as Qatar builds toward featuring at its first World Cup, which the tiny oil-rich state will host in 2022.

  • BOGOTA, Feb 5- Colombia's arabica coffee crop will recover in 2019 as a mild El Nino weather phenomenon aids flowering, the head of the country's growers federation said on Tuesday, but low prices remain a worry. But dry El Nino weather is already boosting tree flowering in the world's top producer of arabica, federation head Roberto Velez said in an interview on...

  • Feb 5- Brazil stocks retreated from all-time highs on Tuesday as shares of the country's largest private lender, Itau Unibanco Holding SA, weighed, while Mexico's peso was on course for its best day in two weeks. Bucking a rise in broader emerging markets and global stocks, Brazil's Bovespa stock index slipped 0.4 percent as shares of Itau Unibanco fell 2.8...

  • *LIMA GROUP REGIONAL BLOC REAFFIRMS SUPPORT FOR VENEZUELAN NATIONAL ASSEMBLY AND INTERIM PRESIDENT JUAN GUAIDO, CALL FOR IMMEDIATE DELIVERY OF HUMANITARIAN AID. *LIMA GROUP REGIONAL BLOC SAYS IT STANDS READY TO ASSIST VENEZUELA IN ITS ECONOMIC RECOVERY UNDER A NEW DEMOCRATICALLY-ELECTED GOVERNMENT. *CANADA'S FREELAND SAYS LIMA GROUP WILL MEET AGAIN SOON...

  • OTTAWA, Feb 4- A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year's disputed presidential vote. Sources briefed on the matter said that the 14- nation Lima Group looked set, though, to hold off imposing...

  • OTTAWA, Feb 4- A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year's disputed presidential vote. Sources briefed on the matter said that the 14- nation Lima Group looked set, though, to hold off imposing...

  • President Donald Trump said military intervention in Venezuela was "an option" as Western nations boost pressure on socialist leader Nicolas Maduro to step down, while the troubled OPEC nation's ally Russia warned against "destructive meddling." The United States, Canada and several Latin American countries have disavowed Maduro over his disputed...

  • President Donald Trump said that sending the military to Venezuela was "an option" as Western nations boost pressure on socialist leader Nicolas Maduro to hand over power to opposition leader and self-proclaimed President Juan Guaido. The United States, Canada and several Latin American countries have disavowed Maduro over his disputed re-election last...

  • BOGOTA, Jan 31- Colombia's central bank held its benchmark interest rate steady for a ninth consecutive month at its meeting on Thursday, as it seeks to boost economic growth while inflation remains largely controlled. Economic growth in the Andean nation will continue to pick up as a new tax reform, backed by President Ivan Duque, brings in additional revenue...

  • *Maduro accuses U.S. and Colombia of assassination plot. They intensified the fight to control Venezuela, an OPEC nation that has the world's largest oil reserves. Guaido thanked Trump for the U.S. commitment to freedom and prosperity in Venezuela and the region and noted the importance of planned protests across the country against Maduro on Wednesday and...

  • Takeda Pharmaceutical Co Ltd plans to seek approval for the experimental vaccine first in countries where the virus is endemic, rather than starting with the United States or Europe, whose rigorous reviews are often used as a benchmark worldwide, company executives told Reuters. In late 2017, Sanofi disclosed that Dengvaxia could increase the risk of severe...

  • *To halt two late-stage clinical trials of crenezumab. ZURICH, Jan 30- Roche Holding and partner AC Immune SA will halt two late-stage clinical trials of their crenezumab drug for early Alzheimer's disease, the latest high-profile setback to finding a treatment for the memory robbing disease. Roche said an Alzheimer's Prevention Initiative study of...